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and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going there anyway. >> all right, i tell what you, guys, we may, to adam's point have it for a couple of days, but tell you charlie the only reason we will have it for a couple of days the markets would react if this things started. >> i agree. why would the markets react if you're going to do something-- >> got you there. >> and the same way it reacted last year when we talked about double dip recession. >> that was a default. >> and cut spending, charlie, the economy-- >> and everyone made great points, by the way, neil is not waiting around for lawmakers for this f
and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what--...
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the economic crisis, the world crisis, and we lost kind of the jobs that we had created, the budget deficit went up again through the roof, all of those things. but that's why i created also the schwarzenegger institute at usc, so that i can continue on those policies and solve problems in the future, even though i'm out of office. so continuing to be a public servant. >> people have been hard on mitt romney, being rich and successful. what do you think of that? are you surprised that america, the country that gave you the opportunity to become what you are, they would now turn on somebody who has accomplished what they used to call the american dream. >> as you know, john f. kennedy came from a very rich family, but the democrats don't want to talk about that. >> to be honest, i can't take the other side for real. they don't believe that that is a bad thing that he was successful. nor does i think the romney side think sometimes what they accuse obama of. you cannot take this seriously. this is a political year, there's a campaign going on. they will try to do anything they can and especia
the economic crisis, the world crisis, and we lost kind of the jobs that we had created, the budget deficit went up again through the roof, all of those things. but that's why i created also the schwarzenegger institute at usc, so that i can continue on those policies and solve problems in the future, even though i'm out of office. so continuing to be a public servant. >> people have been hard on mitt romney, being rich and successful. what do you think of that? are you surprised that...
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to take, in order to do that. but, the fact of the matter is, the president because he has the responsibility of office, has been specific about what he proposes and mitt romney tells us, to trust him, with his plan, it is hiding behind door number 3, with carol merrill and his undisclosed tax returns. >> you know... really, the lines are great, but, chris, the bottom line is this: his budget, tax increase on i don't believe creators, budget gimmicks, and, brings us to $25 trillion in debt over ten years. in fact, this president has
our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to...
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, buthere is no question the obama campaign folks, every time biden is out there, they are nervous about what he i
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been "....
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is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that. the fact of the matter is the president because he has the responsibility of office has been specific about what he proposes and mitt romney tells us to trust him. his plan is hiding behind door number three with carroll merrill and his undisclosed tax returns. >> chris: i'm glad you practiced the line. >> the lines are great. his budget tax increase on job creators. budget gimmicks brings us to $25 trillion in debt over ten years. this president has added more are debt than any other president -- >> not true. >> he said he w
is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that....
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enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of
enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the...
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me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him.
me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still...
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we have trillion-dollar deficits. the cbo says we will have a trillion-dollar deficit the next four years. have you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar exe two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go to chris wallace, who is in wash wawash with his own take on how the night went. chris? >> reporter: hey. you know, i have been thinking and trying to put it in historical context, what tonight reminded me of more than any other debate, the first kerry/bush debate, where john kerry took the battle to george bush. and bush, the president, seemed very uneasy, didn't seem comfortable and like he wanted to be challenged. that's wha >>> look. i got five boys. i'm used to people saying something that is not always true but keep repeati
we have trillion-dollar deficits. the cbo says we will have a trillion-dollar deficit the next four years. have you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar exe two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go...
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the first thing he said was the issue of the debt and deficit is not just an issue of money it is an issue of morality. immoral to leave the debt to our children and grandchildren and i thought it was a strong statement and elevated the romney campaign above a kind of we can do a little better for your pocketbook next week than president obama can and put it in a bigger concept and elevated the race into who is the more are responsible steward of this country's finances and well being for the next generation. i thought it was a very important moment for mitt romney. >> geraldo: stand but youle join our all-star panel in a moment. first, news on fast and furious, folks. the botched atf gun running operation and news that hasn't been fully digested by the mainstream media. we know that one of the walked guns was used to kill agent brian terry but it took the spanish language news network to reveal that the walked guns were also used if you recall the horrific 2010 massacre of mexican teenagers in the border city of juarez. they broke into a birthday party and started firing and before
the first thing he said was the issue of the debt and deficit is not just an issue of money it is an issue of morality. immoral to leave the debt to our children and grandchildren and i thought it was a strong statement and elevated the romney campaign above a kind of we can do a little better for your pocketbook next week than president obama can and put it in a bigger concept and elevated the race into who is the more are responsible steward of this country's finances and well being for the...
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governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but there aren't enough deductions to pay for that. >> for the middle class families. you can pay for it. there are six studies that say you can do that. you can broaden the base and lower the rates. that would foster economic growth, and we've done that in the past. there's one study that says that you can -- that uses the word assume or assumption 68 times by liberal think tank and that's what gibbs and others point to. >> if it does turn out that the deductions do not make up for the cost of the tax cuts, does governor romney say he will scale back the tax cuts? >> what he has said is it's going to be -- he'
governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but...
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if congress is bound to kick the can on a decision about cutting spending and deficit control, change the can. come up with a condition for not making a deal that is actually palatable and not horrible for the economy like the current situation that we have. tell me how that would even happen? are there enough people like you and those who you are trying to work with who are actually still in office in washington to hammer out a more perfect compromise? >> i think those kind of people are in the house and the senate. i think they are talking with each other, but the problem is, ali, they're not getting support from their own leaders in the congress, republicans or democrats. they're not getting support from the white house. they're not getting support from the party base who insists on 100% solution in their favor, and the american people, the common-sense americans that i think are in the great majority have to rise up because that's the missing part of the airplane is the middle. the wings are flapping and making their voices heard but the middle is not, and that's got to happen bec
if congress is bound to kick the can on a decision about cutting spending and deficit control, change the can. come up with a condition for not making a deal that is actually palatable and not horrible for the economy like the current situation that we have. tell me how that would even happen? are there enough people like you and those who you are trying to work with who are actually still in office in washington to hammer out a more perfect compromise? >> i think those kind of people are...
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. >> rick, this was sold with a proposition that it would not add a dime to the deficit. do you believe that? >> the honest answer, i don't think we know yet. most of the spending provision have not gone into affect yet and when they do it is experimental. >> it is not for the states emac who have to begin to set up the exchangings. there is no guarantee that obama care will be repealed and that it will not be in or out and states have to prepare right now . that costs money. >> it feels like a high school science project throw in the baking soda and soda and right in the taxpayer's face. medicaid and medicare are rising by 17 trillion over 75 years due to health reform. a quarter of the state's budget is toward medicaid . medicaid part of the budget rising x. four times faster. >> mark, even the democratic governors are worried. governor cuomo is saying that he doesn't have all of the cash necessary to set up the exchanges that are part of the whole plan and what are they going to do? these states are strap asked they don have the money? >> this is covered by the federal
. >> rick, this was sold with a proposition that it would not add a dime to the deficit. do you believe that? >> the honest answer, i don't think we know yet. most of the spending provision have not gone into affect yet and when they do it is experimental. >> it is not for the states emac who have to begin to set up the exchangings. there is no guarantee that obama care will be repealed and that it will not be in or out and states have to prepare right now . that costs money....
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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it was not an $8 billion deficit. >> ted, everybody is lying according to you. $250 million. >> only the republicans. >> auto industry is exceedingly important in the state, but if you look at where ohio has grown in job creation since kasich became governor, it has been in manufacturing. we have had significant growth in jobs. say, 123,000 new jobs. those have not been in the job -- in the auto industry. auto industry has not gone up. so if you look at what kasich has done, he's made a real difference. he has the same philosophy and will do the same thing that mitt romney will do as president. lower taxes, less regulation, balance the budget. these are things that make a difference. the other thing that romney will do that the president is not doing and simply, frankly, is incapable of doing, i served with him for two years in the u.s. senate. nice guy. talented. horribly partisan. what mitt romney will do as president is the same thing that ronald reagan did and, frankly, bill clinton did. hold your principles. be tough. in the end you know you have to negotiate, and that's the onl
it was not an $8 billion deficit. >> ted, everybody is lying according to you. $250 million. >> only the republicans. >> auto industry is exceedingly important in the state, but if you look at where ohio has grown in job creation since kasich became governor, it has been in manufacturing. we have had significant growth in jobs. say, 123,000 new jobs. those have not been in the job -- in the auto industry. auto industry has not gone up. so if you look at what kasich has done,...
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to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is hi
to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's...
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...
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national deficit. >> the son of the trouble was campaigning on friday. joining volunteers at the republican had p headquarte in ohio. with the new license headquarters. and also sharing energy tips and sharing information about his father. the next presidential debate is on october 15th new york and next week, joe biden and paul brien will take the stage. and kron 4 will have that life. go to our new channel. comcast 193 for the latest news, weather and traffic updates and to watch all the presidential speeches. uninterrupted. and on digital 4.2. this radical moslem terror charges are in new-york. these men were extradited from england. he is facing charges of consume conspiracy. d in oregon. christine has more. >> radical extremists and four other men are right in the u.s. early saturday from london. they are facing terror charges went london saying that they could be extradited and immediately. some of these men are being held at the manhattan correctional facility before their fourth court appearance. egypt was one of the highest profile radicals spea
national deficit. >> the son of the trouble was campaigning on friday. joining volunteers at the republican had p headquarte in ohio. with the new license headquarters. and also sharing energy tips and sharing information about his father. the next presidential debate is on october 15th new york and next week, joe biden and paul brien will take the stage. and kron 4 will have that life. go to our new channel. comcast 193 for the latest news, weather and traffic updates and to watch all...
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on a day in which the congressional budget office announced the 2012 budget deficit came in at $11 trillion for a fourth straight year, turns out our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 million of that going to, that's right, sesame workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but here's the homework the left should have done before they and president obama began their reflective aattacks. they are $388 million in assets now. in merchandise sales alone, it brought in $45 million, five times what it received in government grants. that little cute sesame workshop turns out to be a moneymaker producing hundreds of millions of dollars. we take all of that up tonight with former george bush senior adviser carl rove, and as well, the unemployment rate falling to 7.8%, employers adding just 114,000 jobs. we're talking about that, and, yes, big bird too with the congr
on a day in which the congressional budget office announced the 2012 budget deficit came in at $11 trillion for a fourth straight year, turns out our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 million of that going to, that's right, sesame workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public...
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this week it recorded the biggest straight deficit in four years. why? prices of iron ore and coal are down because of china slowing demand. china's unprecedented rise has brought with it a boon for resource-rich countries. as china's growth slows, the party is going to wind down. even the united states is not immune. i was struck by a report in "the wall street journal" this week that said u.s. exports to china of coal used in steel making grew six fold in 2009. they grew six fold again in 2010. 600% rises. but as china's steel industry faces a loss this year, demand for u.s. coal has slowed. that's contributed to layoffs for hundreds of coal miners in the state of west virginia. thousands of miners will have their penguision and benefits reduced. all of these ripple effects lead back to china. to give you a sense of its important, look at the market for metals. according to the world bank, china's consumption of refined metals has jumped 17 times since 1990. its share of global consumption of these metals jumped from 5% to 41%. over the last decade, wh
this week it recorded the biggest straight deficit in four years. why? prices of iron ore and coal are down because of china slowing demand. china's unprecedented rise has brought with it a boon for resource-rich countries. as china's growth slows, the party is going to wind down. even the united states is not immune. i was struck by a report in "the wall street journal" this week that said u.s. exports to china of coal used in steel making grew six fold in 2009. they grew six fold...
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work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters
work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we...
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Oct 7, 2012
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we are ready to have a deficit reduction bill that is big, bold and balanced. but we also understand that and in addition to spending cuts coming up to have some revenue. and i hope that moderate republicans will be empowered to negotiate that with us for the good of the country. >> when we come back in november, all of the members of congress, including some of the tea party members to vote to defeat this year, will still be your, -- will still be here. how do you navigate that if democrats are successful in november? >> again, i am not really thinking about the day after. i am focused on how do we get to a position where we win the house representatives and then we can reach out across the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now learned the lesson first hand, as painful as it may be, that extremism is just not a virtue. and maybe we will be able to talk some sense into them and get back to where we were in the debt reduction talks last august. three times, we had a debt reduction deal with john boehner
we are ready to have a deficit reduction bill that is big, bold and balanced. but we also understand that and in addition to spending cuts coming up to have some revenue. and i hope that moderate republicans will be empowered to negotiate that with us for the good of the country. >> when we come back in november, all of the members of congress, including some of the tea party members to vote to defeat this year, will still be your, -- will still be here. how do you navigate that if...
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work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana unde
work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we...
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my favorite is the president, hey, i'm going to pay down the deficit, by taking money i borrowed for two wars to borrow it to pay it down. you would mystify enron accounts with that -- >> ladies and gentlemen, you should see that the republicans have absolutely nothing to back up which loopholes they will close, they will not give one specific. and you have the temerity to say he will negotiate with congress. he's the executive. he should have a proposal to tell us how he is going to accomplish -- >> like the president's non-existent proposal, julie? you are not willing to work at all. >> name one loophole, just one loophole. >> eric: wait a minute, julie. >> julie, understand manage. we have -- okay, i will give you one that would be great to cut. frankly, the homeowner's mortgage deduction. we know that there are plenty of loopholes out there. they need to be closed tomp make this happen, we are going to have to negotiate across both party lines as we know, the loopholes near there because both parties have an-- >>> if you want to get rid of the homeowner's deduction, talk about a
my favorite is the president, hey, i'm going to pay down the deficit, by taking money i borrowed for two wars to borrow it to pay it down. you would mystify enron accounts with that -- >> ladies and gentlemen, you should see that the republicans have absolutely nothing to back up which loopholes they will close, they will not give one specific. and you have the temerity to say he will negotiate with congress. he's the executive. he should have a proposal to tell us how he is going to...
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Oct 7, 2012
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you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i don't think going to overtake this race. i think you have a president who was trying to move the facts out. was facing a guy who, who he hadn't seen before. either mitt romney is completely faking everything he said, or he is, is a liar. so -- either way. >> when you see the style over substance, it shouldn't matter. the truth is optics are important. >> look, style -- >> ask richard nixon, the president in 1960. >> i do think in fairness, it is fair for the american people, to want to see their president fight for them. and the bara
you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i...
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president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i are going to bring it to washington. we have got to spending money we don't have. we must cut spending. we must get a balanced budget. we must get this debt under control. >> this thursday night, congressman paul ryan and vice president joe biden will face off in a debate. you can watch and engauge with c-span with our life debate preview starting at 7:00 eastern. your actions, calls, e-mails, and tweets at 10:30 following our live coverage on c-span, c-span radio, and online at c-span.org. >> sunday a debate in the u.s. senate between linda mcmahon, republican, and representative chris murphy, democrat. ú >> i will not raise taxes on middle income families. >> now he says five weeks before the election, his big, bold idea, is never mind. >> it's arithme
president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i are going to bring it to washington. we have got to spending money we don't have. we must cut spending. we must get a balanced budget. we must get this debt under control. >> this thursday...
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you write today in the "washington post" that president obama may be the deficit for him was he's out of practice. what do you mean? >> well, look, people have come up with all kinds of explanations, and i particularly like al gore's notion that the altitude was too high for the president. in this case you see almost all incumbent presidents have a difficult time. they spent four years in the white house being cloistered around not challenged bir their aides, by lawmakers or anybody else or the press trying to ask questions. in obama's case that's been difficult because he set all kinds of modern records for avoiding the press, avoiding news conferences and chances to mix it up with the press. when you're not being kept on your toes, getting skeptical, even hostile questions regularly, you get out of practice and those muscles aatrophy. that may have contributed to what he was so flat and sweel see if he can get back into the game of being challenged. >> the flipside to that, romney seizes what he thinks is a great opportunity, the economy. it was like he was in the boardroom, but now
you write today in the "washington post" that president obama may be the deficit for him was he's out of practice. what do you mean? >> well, look, people have come up with all kinds of explanations, and i particularly like al gore's notion that the altitude was too high for the president. in this case you see almost all incumbent presidents have a difficult time. they spent four years in the white house being cloistered around not challenged bir their aides, by lawmakers or...
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Oct 7, 2012
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trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the hilarity that there is one -- >> we have one loophole. >> mike, finish, but then i want to get on to something else. >> the president says he wants to lower tax cuts to big corporations. how to pay for it? loopholes. what loopholes? nothing. we'll tell you after the election. you're attacking romney for the same thing. >> i want to talk about the gas prices. one thing that was striking, speaker gingrich, is what some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation.
trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the...